Investing.com - IBM (NYSE:IBM) reported on Wednesday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
IBM announced earnings per share of $1.81 on revenue of $14.11. Analysts polled by Investing.com anticipated EPS of $1.79 on revenue of $13.54B.
IBM shares are down 36.64% from the beginning of the year and are trading at $126.86 , down-from-52-week-high.
IBM shares gained 3.48% in after-hours trade the report.
IBM follows other major Information Technology sector earnings this month
IBM's report follows an earnings beat by Taiwan Semiconductor on October 13, who reported EPS of $1.79 on revenue of $20.23B, compared to forecasts EPS of $1.65 on revenue of $19.44B.
ASML ADR had beat expectations on Wednesday with third quarter EPS of $4.29 on revenue of $5.78B, compared to forecast for EPS of $3.96 on revenue of $5.68B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar